PAY COMMISSION: UFBU meeting on 7th Sep : Some Details. Meeting with IBA may be deferred.

Tuesday, September 8, 2009

UFBU meeting on 7th Sep : Some Details. Meeting with IBA may be deferred.

"A meeting of the UFBU was held today in Chennai. Leaders of all the 9 constituent unions were present. The meeting was presided over by Com. K.S. Shetty (President, AIBOC).

The meeting congratulated the bank employees and officers for their magnificent unity and amazing militancy and thus making the 2 days’ strike on 6th & 7th August, 2009 a resounding success.

The meeting noted that the unity of the rank and file under the banner of UFBU has ensured the thwarting of all attempts on the part of IBA and Government to retract from offers made. The meeting took for consideration the proposals of the IBA and decided to pursue the same with IBA in the next round of Bipartite Talks before taking a final decision.

Talks with IBA:

The IBA had fixed 12th September, 2009 for the next round of Talks. However, since the date is not convenient for a few constituent unions, we have asked for a revised date for the Talks within the next week or 10 days. As soon as the meeting is fixed and held, we shall inform you of further developments."

Source : As stated in AIBEA Website.

6 comments:

BALAN said...: FINANCIAL PAY COMMISSION NEED OF THE HOUR

Decent wage revision is overdue in the banking sector since November 2007, IBA-GOVT combine refuses to offer more than 17.5% which is not at all justifiable. Same is the case with LIC , starting point is 15% increase. Due to inadequate wage revision in the earlier settlements combined with huge bonanza for Central govt employees coinciding with election time on two occasions , the difference in entry level salary for clerks and officers on a comparable basis has widened to more than 40 to 60%. Not to speak of revised pension , pension updation which is silently being denied to financial sector. With in the financial sector there is one rule for RBI, another rule for SBI, worst possible rule for nationalized banks.
Hence to rectify all the past mistakes whether it is government created or union created the need of the hour is equality and principle of natural justice to the financial sector employees .

The financial sector can absorb the wage increase with in their profitability, then why the same is denied is a million dollar question.
Hence the government can appoint an independent financial pay commission with full terms of reference of parity, equal pay for equal work, risk and responsibilities, profitability etc . In the meanwhile 30% interim relief can be allowed and the date of the settlement based on the findings can be allowed and the dates can be synchronized with the pay commission dates. The terms should also cover updation of pension and full neutralization of DA to the retirees of the banks as the scheme in 1995 was devised based on the central govt pension only. This anomaly also should be taken care of.

Let the government who is abiding the constitution can consider the just and rightful due of the FINANCIAL SECTOR EMPLOYEES also just like their Govt counterparts.

K.BALASUBRAMANIAN Retired Senior Manager Indian bank; September 10, 2009 7:47 PM
H.R. Dhiman said...: What a strange that more than month has passed after 2 days successful strike in ther Banking Industry,UFBU leaders are not able to hold meeting with IBA. How much time it will take for the settlement ? If IBA is not responding, indefinite strike call should be given and it should not be called off untill final settlement is signed otherwise it may take 2-3 years more when our new settlement will be due.; September 10, 2009 11:56 PM
rahul said...: when the charter of demand was submitted,it was promised that this settlement will be the quickest.unfortunately this is likely to be lenthiest.UFBU/IBA keep on enjoying further series of meetings/outings at exotic locations.
Now one question left which shows the sincerity of UFBU.They took one month time to take stock of the situation arising out of strike situation.
Colleges the strike had good impact.questions were raised in the parliament and it seems that the nation does favour equal settlement for us this time.But who will give this feedback to our own UFBU.; September 11, 2009 7:18 PM
786yp said...: do like jet pilots unless satisfactory outcome is agreed there should be an indefinite strike; September 13, 2009 1:23 AM
SR said...: NO, this will be against the policy of UFBU (Useless and Fool Bankers Union). This way, the UFBU will loose its improtance which is the primary aim of our great leaders who are due for retirement( or already retired).; September 16, 2009 2:45 PM
PRATIM KUMAR said...: These UFBU leaders are those who prefer their personal interest over the cumulative interested of 10 lakh bank employees. Rightly said , they are simply enjoying meeting and eating at exotic locations. The leaders should be ashamed of their failure to negotiate properly. i don't know whether they are properly updated with the wage revision of other sector. Why they are so "careful" and "paitient" in bergaining? More over they don't even let us know the detail of the meetings.......only "failed" or "crucial stage" etc. are communicted. Some serious thoughts should be developed regarding the maximum age of the leaders, as some worthless people are occupying the important seats at UFBU. They don't have to work in their office by showing their union works but they even can't perform their duties as union leader also. Moreover the arguments behind declining our demands by IBA should also be communicated in detail.; October 8, 2009 3:46 PM